Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,444 shares of the information technology services provider’s stock after acquiring an additional 548 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Fidelity National Information Services were worth $868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. JMG Financial Group Ltd. acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $227,000. Millington Financial Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $1,226,000. GAMMA Investing LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $362,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $264,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $686,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Royal Bank of Canada raised their target price on Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Truist Financial raised their target price on Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Bank of America raised their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. BNP Paribas downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Thursday, April 11th. Finally, The Goldman Sachs Group initiated coverage on Fidelity National Information Services in a research report on Thursday, February 29th. They issued a “buy” rating and a $84.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.59.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the purchase, the director now owns 9,052 shares in the company, valued at $655,093.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Down 1.2 %

Fidelity National Information Services stock opened at $69.59 on Friday. The stock has a 50-day moving average price of $70.04 and a 200 day moving average price of $61.89. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $74.75. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted $1.71 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts expect that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services declared that its board has authorized a stock repurchase plan on Monday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.